The Summer Budget was surprisingly jam packed of tax and relief changes that will affect businesses, many in a positive way, however, on some changes the jury is still out. The following is just a brief overview of the main items that I believe will affect SMEs and is not meant to be a full.. read more →
HMRC has kindly published a list of the tax changes that affect individuals from 6th April 2015. I have reproduced the list below. Individuals over the age of 55 have flexible access to their defined contribution pension savings. The Income Tax Personal Allowance increases to £10,600. The higher rate Income Tax threshold increases to £42,385… read more →
Rate changes – the personal tax allowance will increase to £10,600 from April 2015 and by a further £200 a year for the next two years. The age related personal allowance will be removed completely from April 2016. The threshold for the point at which the 40p rate starts will increase above inflation from £42,385.. read more →
Time is ticking away if you want to do some serious tax planning in this financial year… With a general election on the horizon, taxation – and each party’s various policies regarding wealth – will be high on the agenda in the coming weeks and months. You may therefore be forgiven for thinking that the.. read more →
One of my clients received the following email, apparently from HMRC… According to your tax payments for 2014 year period we found that you gave a wrong legal address in your last tax payment. In order to avoid penalty fees on your tax dues we ask you to contact our specialist having checked the previous.. read more →
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David K Crossley CTA, ATT
Member of the Chartered Institute of Taxation